Position Paper, select quote:“To the extent that certain strategies and trades would not have been considered manipulative (e.g., before the August 2 notification), it also is important to reflect on the agent’s responsibility to the principals providing the investible funds. Arguably, Dr. Chen, the agent who was acting as an advisor, would not be fulfilling his fiduciary duty to his clients if he were to leave money on the table and not undertake lawful strategies that he had identified within the context of investments permitted in the fund.”